For more than a decade, U.S. restaurant companies have cast their expansion gaze toward the so-called BRIC nations of Brazil, Russia, India and China. And more recently, the Middle East has sparked intense development interest. Now a new acronym is entering the lexicon of expansion-minded operators: CIVETS. From fast food to casual dining, operators are looking to stake their territory in the emerging markets of Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa. The common lure ...
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